I’m not better than the next trader, just quicker at admitting my mistakes and moving on to the next opportunity.
GEORGE SOROSInvestors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
More George Soros Quotes
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Revolutions usually start with enthusiasm and end in tears.
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The scope for improvement is infinite, precisely because perfection is unattainable.
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It is credit that matters, not money (in other words, monetarism is a false ideology).
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Unfortunately, the more complex the system, the greater the room for error.
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Investors operate with limited funds and intelligence, they do not need to know everything. As long as they understand something better than others, they have an edge.
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The worse a situation becomes the less it takes to turn it around, the bigger the upside.
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I’m only rich because I know when I’m wrong.
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The strength of this country lies in the Declaration of Independence and the Bill of Rights and the freedom of speech and thought.
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When interest rates are low we have conditions for asset bubbles to develop, and they are developing at the moment. The ultimate asset bubble is gold.
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The main difference between me and other people who have amassed this kind of money is that I am primarily interested in ideas, and I don’t have much personal use for money.
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The financial markets play an active role in determining what’s going to happen, how the economy is going to function.
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I fancied myself as some kind of god or an economic reformer like Keynes.
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To my mind, there is a solution which has to do with democracy, because democratic governments are subject to the will of the people. So, if the people will it, you can actually create international institutions through the democratic states.
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The prevailing wisdom is that markets are always right. I take the opposite position. I assume that markets are always wrong.
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It is sort of a disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.
GEORGE SOROS